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联系要素市场干预的现实,在利润最大化假设条件下,本文建立了中国制造业行业就业调整和资本深化关系模型。研究发现:(1)近10年来,增加值产出就业吸收能力大幅下降的趋势正在中国制造业行业普遍发生;(2)作为一种与增加值产出就业吸收能力大幅下降相伴随的现象,资本深化趋势在中国制造业行业正普遍发生作用;(3)增加值产出就业吸收能力的持续下降,表明中国制造业行业资本/劳动强替代弹性已成为该部门增长不得不面对的现实。
In connection with the reality of market intervention of factor, under the assumption of profit maximization, this paper establishes the relation model of employment adjustment and capital deepening in China’s manufacturing industry. The research shows that: (1) The tendency that the employment absorption capacity of value added output drops sharply in the past 10 years is occurring in the manufacturing industry in China; (2) As a phenomenon accompanying with the sharp decline in the employment absorption capacity of value added output, The deepening trend of capital plays a very important role in the manufacturing industry in China. (3) The sustained decline in the employment-absorbing capacity of value-added output shows that the substitution elasticity of capital / labor intensity in China’s manufacturing industry has become a reality that the sector’s growth has to face.